Company Registration No. 08726623 (England and Wales)
YELLOW CLOUD STUDIO LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
YELLOW CLOUD STUDIO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
YELLOW CLOUD STUDIO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
555
502
Current assets
Cash at bank and in hand
234
1,600
Creditors: amounts falling due within one year
(8,854)
(8,636)
Net current liabilities
(8,620)
(7,036)
Total assets less current liabilities
(8,065)
(6,534)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(8,067)
(6,536)
Shareholders' funds
(8,065)
(6,534)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 September 2016
E. Soussoni
R. Tsomos
Director
Director
Company Registration No. 08726623
YELLOW CLOUD STUDIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The accounts have been prepared on a going concern basis, based upon the continued financial support of the directors.
The accounts have been prepared on a going concern basis, based upon the continued financial support of the directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services s upplied .
s
upplied
.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
752
Additions
456
At 31 December 2015
1,208
Depreciation
At 1 January 2015
250
Charge for the year
403
At 31 December 2015
653
Net book value
At 31 December 2015
555
At 31 December 2014
502
YELLOW CLOUD STUDIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2